In the rapidly changing landscape of Thailand’s insurance sector, the power of digital technology is being harnessed to tackle emerging challenges such as artificial intelligence, cyber threats, as well as to manage healthcare costs for Thailand’s ageing populace. Under the leadership of the Office of the Insurance Commission (OIC), significant strides have been made to augment industry resilience and elevate the customer experience. Suthiphon Thaveechaiyagarn, OIC secretary-general, proudly stated that the insurance industry experienced an unexpected growth of 4.81% in the first quarter of 2023, emphasizing on the amplified consumer cognizance of the significance of safeguarding health and property. However, he warned that certain companies followed unsustainable strategies, particularly those offering lump-sum payouts for Covid-19 insurance, which had the lure of large-scale sales but were eventually forced to discontinue as sales surpassed their underwriting capacity. Suthiphon further elucidated on OIC’s commitment to reinforce the insurance industry by harnessing technology to…
Posts published in “Thailand”
The stunning region of Loei, located in northeastern Thailand, has recently witnessed an unprecedented case of elephant cruelty within Phu Luang Wildlife Sanctuary. A plea for assistance has been sent to the Royal Thai Police by the park authorities to uncover and apprehend the perpetrator of such a barbarous act. The victim, a vibrant wild bull elephant, has been confirmed to be the casualty of this horrifying incident. Initial discovery of this horrific act was made close to a serene forest creek ensconced within the Sri Song Rak sector of the Dan Sai district in the earlier hours of yesterday. Preliminary insight obtained by officials from Phu Luang has shed light on the deceased elephant which is believed to have been part of a transient trio of elephants. Over the recent two months, these elephants had been occasionally spotted near the local farmland. Park rangers have persistently tried, unfortunately to…
Throughout the initial seven months of the present year, the Kingdom of Thailand saw a surge of foreign investment reaching the sum of 58.9 billion baht. A significant proportion of this financial inflow originated from deep-pocketed investors hailing from Japan, who unhesitatingly poured an exorbitant amount of capital into accelerating the growth of their ventures within Thailand. It’s estimated that Japan stood head and shoulders above other nations with a bountiful contribution totaling 19.9 billion baht. Hot on the heels of Japan, Singapore also made its presence felt in the Thai investment landscape, pouring 12.9 billion baht into various local sectors. Chinese and American companies also made significant contributions, investing 11.7 billion and 3.04 billion baht respectively, further propelling Thailand’s foreign investment trajectory. Director-General of the Business Development Department, Thosapone Dansuputra, delineated that during this period, the Foreign Business Committee greenlighted 377 applications from various corners of the world under…
An unfortunate catastrophe unfolded in Chaibadan district of Lopburi province that witnessed a deadly turn of events from a domestic quarrel. An everyday argument between a married couple tragically escalated to a fatal confrontation yesterday. The scene was set in a humble, single-storey wooden abode, which became the unwilling witness to the untimely death of its 45-year-old resident, a man named Wasan. Wasan’s lifeless body, bearing the tell-tale signs of a violent face-off, was discovered sprawled across the middle of their home. Grisly remnants of the encounter marked his body, with gunshot wounds in his right shoulder, under his right ribs, above his right breast, and other parts of his body. A smoking .38 handgun, its barrel cooled and emptied of its deadly projectiles, lay ominously on a nearby TV stand, flanked by six grimly silent spent shells. Harboring traces of the violent dispute on her bruised and swollen face,…
Deep within the southern province of Nakhon Si Thammarat, a daring and audacious crime unfolded in the early dawn hours. A Krung Thai Bank automatic teller machine (ATM) was burglarized outside its location in front of Prachanukroh School, known for its peacefulness and academic pursuits. Its quiet nature rudely interrupted by the surgical precision and audacity of such a crime. Estimated losses were around 400,000 baht, a significant sum, leaving the close-knit community in shock. Janjira Saelim, the formidable deputy manager of Krung Thai Bank, registered a complaint at the local law enforcement institution, Tha Sala Police Station. The crime, according to Janjira, happened before the sun’s first light, a time when inhabitants are usually safely ensconced in their homes sleeping. No sooner had the ATM been stocked with approximately 6.24 million baht than the criminals descended. The constabulary’s finest, with their meticulousness and commitment to justice, swarmed over the…
Stepping into a new era of customs enforcement, Thailand Customs Department recently inaugurated its premier sniffer dog training centre, the Thai Customs Canine Training Centre (TCCTC), settled within the scenic surroundings of the Bang Phli district in Samut Prakan. Brought to life with the prime objective of identifying concealed narcotics in imported and exported items, the centre is geared to train and home no less than five sniffer dogs. Marking the grand opening of the centre, key dignitaries graced the event. The esteemed attendee list includes the Customs Department’s director-general, Patchara Anuntasilpa; the director-general of the Customs Human Resource Development Institute from South Korea, Yoo Sunhee, along with noteworthy representatives from the related sectors. The state-of-the-art centre spans over 2 rai of land, with its prime location in tambon Nong Prue serving as the perfect setting for training these canine officers. In an effort to mimic the conditions in which…
Visitors lounging on the pristine sands of Karon Beach, Phuket’s most extensive coast, paint a relaxing picture of this popular tourist destination. However, there is an urgent pursuit for sustainability beneath the surface. Phuket, a beautiful yet rapidly changing island province, aspires to attain the distinction of a low-carbon destination to further bolster its eco-tourism appeal. Governor Narong Woonciew has asserted this drive by stating the need to focus on managing food waste, a pressing concern that is leaving detrimental effects on the environment. According to Norwich, proactive talks amongst state organisations and an eco-conscious development foundation have led to the agreement of implementing a holistic and systematic plan for food waste management. It is imperative that state agencies, the private sector and civil society sectors pool their resources and initiatives effectively to guarantee utmost sustainability. Wattanapong Suksai of the Phuket Provincial Natural Resources and Environment Office has stated support…
Unveiling its latest contribution to the sustainable urbanisation revolution, the Metropolitan Electricity Authority (MEA) debuted the “PLUG ME EV” at a dedicated innovation exhibition. Led by Deputy Governor, Jaturong Suriyasasin, MEA showcased its novel EV charging solution, reinforcing its commitment to inventiveness and innovation. The highlight of the exhibition was the showcasing of an ultra-efficient EV Charging Connector, a veritable powerhouse boasting 32 convenient charging outlets. Displayed proudly at the car parking facility of the MEA’s Ploenchit Office, this remarkable innovation is intended to serve the ever-expanding fleet of EV users and contribute significantly to the urban EV ecosystem. Emphasising the organisation’s commitment to supporting the growth of electric vehicle (EV) usage in MEA-tributary areas, the Deputy Governor said, “Our mission is centred on cultivating a seamless EV ecosystem across regions including Bangkok, Nonthaburi, and Samut Prakarn. We anticipate EV ownership to surge beyond 6.6 million by 2037. The launch…
Amidst the hustle and bustle of Bangkok’s thriving Ratchadaphisek Road, nestled within the prestigious Bazaar Hotel, stands a controversial emblem beckoning attention and instigating heated debates – a distinct, dare we say, grotesque sculpture of Khru Kai Kaeo. However, its very existence on the hotel’s grounds has ignited the ire of a collective of Buddhist artists who express their disdain and urge the authorities for its immediate removal. Adopting the moniker “Council of Artists Promoting Buddhism”, the group vehemently believes that the stylized statue promotes nefarious devil-worship and perturbs onlookers with its ghoulish aesthetics. Garnering legitimacy through accreditation from the Religious Affairs Department, the artist council has vociferously criticized the hotel for harbouring the 4-metre-tall, gargoyle-like effigy thus sullying the sanctity of their premises. The statue represents Khru Kai Kaeo, supposedly the honouree mentor of the ancient Khmer Empire’s King, Jayavarman VII. On the flip side, this attribution has been…
Srettha Thavisin, the property magnate-turned-prime ministerial nominee for the Pheu Thai Party, has galvanized his campaign with a staunch focus towards combating poverty and dispelling inequity in Thailand. Amid corruption allegations looming over his candidacy, he now embarks on a crucial week leading to a decisive confirmation vote set for next Tuesday. The country waits with bated breath for the parliamentary proceedings this coming Tuesday that will settle if the affluent business figure would assume the premier’s role henceforth, marking the resolution of a continued three months’ political stalemate since the May 14 general elections. As a veteran of the business world and former champion of the property giant Sansiri, 61-year-old Srettha pilots the multi-party coalition helmed by Pheu Thai Party. To his advantage, the reformist Move Forward Party (MFP), which amassed the majority of seats, saw its leader ousted from the prime ministerial position by conservative, pro-military entities. In…